Have You Become Complacent with Your Debt Repayment?

Remember yesterday when I talked about the inspiring story of Joe Mihalic?

Today, I am over at Beating Broke sharing how Mihalic’s debt repayment compares to ours and what I have taken away from Mihalic’s story.

Here is an excerpt:

If you have tens of thousands of dollars to pay off, gazelle intensity can be exhausting. You can easily begin to feel sorry for yourself and lament all of the things you have to give up and sacrifice when paying down debt.

We started our journey to be debt free on October 20, 2011. Our debt was a mind-numbing $57,966.01. In the 7 months since then, we have paid down almost $10,000. (We are sitting right around $48,000 now.) I am proud of our progress, but we have reached the point where the journey is getting long and difficult. Gazelle intensity has lost its luster.

Welcome to Mom’s Plans! I'm a mom to three kids, ages 9, 5 and 3, and I love to plan, hence the blog name. Right now, I'm busy planning our homeschooling days, our healthy eating meal plans, and our budget as we dig our way out of student loan debt and save for a house! Read More…